(7)In order to facilitate the emergence of a well-functioning internal market in consumer credit, it is necessary to make provision for a harmonised Community framework in a number of core areas. In view of the continuously developing market in consumer credit and the increasing mobility of European citizens, forward-looking Community legislation which is able to adapt to future forms of credit and which allows Member States the appropriate degree of flexibility in their implementation should help to establish a modern body of law on consumer credit.
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New version applies from 05/12/2011 — introduced by Commission Directive 2011/90/EU.
52 provisions change.
Later versions: 20/03/2014, 01/01/2018, 26/07/2019, 30/12/2023.
Recital 7 changes in this version: compare with the current text.